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3.30pm: Jaguar Land Rover’s electric dreams
Jaguar cars will be all-electric by 2025 and the entire Jaguar Land Rover range by 2030, the brands’ owner has said.
In a boost to UK vehicle manufacturing it said it would keep all three of its three British plants open as part of the strategy.
However, it has dropped plans to build an electric version of its XJ luxury saloon model, which was to have been built at its Castle Bromwich plant.
The company plans to spend about £2.5bn a year on new technology for its cars, including investment in hydrogen fuel technology.
It hopes the change will see it reverse last year’s record £3.6bn loss which forced it to lay off 4,500 staff worldwide.